Goal setting 1

Goal-setting is an important aspect of success. “Hitch your wagon to the stars” as my Guru would say. It is essential to have lofty goals, otherwise we will remain as we are, with all our potential remaining just that, never seeing the light of day.

Then there are some who argue against having goals. Because these serve as limits to your brain, they say. “Why have the goal of founding a billion dollar company when you are perhaps capable of founding a trillion dollar company?” Well, even a trillion must pass through a billion first, so it’d be better to start with the billion goal and then recalibrate as necessary.

The challenge many of us face with goal setting is that we do not know where to start. We try to focus on questions such as “How much money should I have by the time I’m 40”, or “How many Boards should I be on before I’m 60” and so on. These aren’t bad ways to come up with goals. But as I’ve been reading in an interesting book called Your Next Five Moves by Patrick Bet-David, he suggests that we need to address ourselves first.

What do we want? No, not even we. More like you, or me, each one of us individually. What is most important to you? Do you want a stable job with a US$ 150,000 pay check? Or do you want a million dollar salary with a big fat bonus? Or do you want to own 25% of a unicorn start-up? Do you want to spend time with your wife and kids every day? Or do you want to consistently clock 120-hour weeks? Or maybe you want to balance work and your social service activities?

Each one of us is built differently, with unique potential. So broad-brushing goals will not work. It is hence important to honestly arrive at our own goals based on a) what we truly want, and b) how much we are prepared to work for it (and not what the neighbour wants or his son has achieved). More tomorrow!